Everyone and their mother is going to opine on the jobs data this morning, so I might as well offer my quick thoughts. We will have some more action oriented stuff later. Ok, here I …
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Yesterday, an options trade in the XLF caught my eye. When the S&P Select Financial etf was trading $23.19 a trader paid .25 for 25,000 of the Oct 24 calls. Most of these looked to …
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MorningWord 1/19/12: Making a living trading during earnings season is like the equivalent of being a Center in the NFL, you basically get nailed on every play from the guy right in front of you …
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MorningWord 1/19/12: By just looking at equity and credit markets this morning, all seems right again in the financial world…..The DAX, now up 8.5% on the year has recaptured more than half of last years …
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MorningWord 1/18/12: Yesterday’s price action in US equities was a real head scratcher with the SPX only closing up 36 bps, less than 2 points off of the lows of the session on a day …
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For as long as I have been in this business, living through the; Asian/Russian debt crises/Long Term Capital/ internet stock market bubble in the late 90, real estate bubble and our own debt crisis here in the …
Continue reading3rd Trade Update Dec 16th, 2011 at 11am: Similar to Citi, holding the MS put spread, which is worth more than triple what I paid for it last week is a bit of market call and again I …
Continue reading2nd Trade Update Dec 16th, 2011: With Citi up a little less than 2% and more than half the trading day to go I am going to close the balance of this put spread at .65 for …
Continue readingTrade Update Dec 14th, 2011: Citi is down about 7.5% since buying the Dec 27/25 Put Spread for .43 last Thursday. I am now going to sell half of this Put Spread at .78 with …
Continue reading2nd Trade Update Dec 14th, 2011 at 9:55am: With MS down almost 1% with the stock around $15.00 I am going to sell half of my existing position at .65 (paid.20 with this spread, sold …
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